Control of Collateral. If from time to time any Collateral, including any proceeds or supporting obligations, consists of property or rights of Borrower in which the perfection or priority of Agent's security interest is dependent upon or enhanced by Agent's gaining control of such Collateral, Borrower shall immediately notify Agent and, at Agent's request, deliver the appropriate Control Agreements or take such actions as may be necessary to give Agent control over such Collateral as provided in the Code.
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Samples: Loan and Security Agreement (Pierre Foods Inc), Loan and Security Agreement (Factory Card Outlet Corp)
Control of Collateral. If from time to time any Collateral, including any proceeds or supporting obligations, consists of property or rights of Borrower in which the perfection or priority of Agent's Lender’s security interest is dependent upon or enhanced by Agent's Lender’s gaining control of such Collateral, Borrower shall immediately notify Agent Lender, and, at Agent's Lender’s request, deliver the appropriate Control Agreements or take such actions as may be necessary to give Agent Lender control over such Collateral as provided in the CodeUCC.
Appears in 2 contracts
Samples: Loan and Security Agreement (Xactly Corp), Loan and Security Agreement (Xactly Corp)
Control of Collateral. If from time to time any Collateral, including any proceeds or supporting obligations, consists of property or rights of Borrower a Grantor in which the perfection or priority of Agent's security interest Lender’s Liens is dependent upon or enhanced by Agent's Lender’s gaining control of such Collateral, Borrower Grantor shall immediately promptly notify Agent Lender and, at Agent's Lender’s request, deliver the appropriate Control Agreements or take such actions as may be necessary to give Agent Lender control over such Collateral as provided in the Code.
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Control of Collateral. If from time to time any Collateral, including any proceeds or supporting obligations, consists of property or rights of a Borrower in which the perfection or first priority of Agent's security interest is dependent upon or enhanced by Agent's gaining control of such Collateral, such Borrower shall immediately promptly notify Agent and, at Agent's request, deliver the appropriate Control Agreements or take such actions as may be necessary to give Agent control over such Collateral as provided in the Code.
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Control of Collateral. If from time to time any Collateral, including any proceeds or supporting obligations, consists of property or rights of Borrower in which the perfection or priority of Agent's Lender’s security interest is dependent upon or enhanced by Agent's Lender’s gaining control of such Collateral, Borrower shall immediately notify Agent Lender and, at Agent's Lender’s request, deliver the appropriate Control Agreements or take such actions as may be necessary to give Agent Lender control over such Collateral as provided in the Code.
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Control of Collateral. If from time to time any Collateral, including any proceeds or supporting obligations, consists of property or rights of Borrower in which the perfection or priority of AgentLender's security interest is dependent upon or enhanced by AgentLender's gaining control of such Collateral, Borrower shall immediately notify Agent Lender and, at AgentLender's request, deliver the appropriate Control Agreements or take such actions as may be necessary to give Agent Lender control over such Collateral as provided in the Code.
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Samples: Loan and Security Agreement (Harvey Electronics Inc)
Control of Collateral. If from time to time any Collateral, including any proceeds or supporting obligations, consists of property or rights of any Borrower in which the perfection or priority of Agent's Lender’s security interest is dependent upon or enhanced by Agent's Lender’s gaining control of such Collateral, such Borrower shall immediately notify Agent Lender and, at Agent's Lender’s request, deliver the appropriate Control Agreements or take such actions as may be necessary to give Agent Lender control over such Collateral as provided in the CodeUCC.
Appears in 1 contract
Samples: Loan and Security Agreement (GlassHouse Technologies Inc)
Control of Collateral. If from time to time any Collateral, including any proceeds or supporting obligations, consists of property or rights of Borrower in which the perfection or priority of Agent's Lender’s security interest is dependent upon or enhanced by Agent's Lender’s gaining control of such such. Collateral, Borrower shall immediately notify Agent Lender, and, at Agent's Lender’s request, deliver the appropriate Control Agreements or take such actions as may be necessary to give Agent Lender control over such Collateral as provided in the CodeUCC.
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